Significant Events

As of January 1, 2019, we have twelve divisions grouped into six segments:

• Chemicals: Petrochemicals and Intermediates
• Materials: Performance Materials and Monomers
• Industrial Solutions: Dispersions & Pigments and Performance Chemicals
• Surface Technologies: Catalysts, Coatings and Construction Chemicals
• Nutrition & Care: Care Chemicals and Nutrition & Health
• Agricultural Solutions: Agricultural Solutions

We have restated the segment data for 2018 presented in this quarterly statement to reflect the new organizational structure.

In accordance with the Supervisory Board resolution dated October 21, 2019, the Board of Executive Directors of BASF SE will be reduced from seven to six members effective January 1, 2020, as part of ongoing efficiency measures. Board member Sanjeev Gandhi will leave the company at his own request.

Following these changes, the Board of Executive Directors has decided to reassign the responsibilities with effect from January 1, 2020:

Dr. Martin Brudermüller (58), Chairman of the Board of Executive Directors and Chief Technology Officer
Corporate Legal, Compliance, Tax & Insurance; Corporate Development; Corporate Communications & Government Relations; Corporate Human Resources; Corporate Investor Relations

Dr. Hans-Ulrich Engel (60), Vice Chairman of the Board of Executive Directors and Chief Financial Officer
Corporate Finance; Global Procurement; Global Business Services; Global Digital Services; Corporate Audit

Saori Dubourg (48)
Agricultural Solutions; Care Chemicals; Nutrition & Health; Construction Chemicals; Bioscience Research; Region Europe

Michael Heinz (55), Industrial Relations Director
Global Engineering Services; Corporate Environmental Protection, Health & Safety; European Site & Verbund Management; Region South America

Dr. Markus Kamieth (48), located in Asia
Catalysts; Coatings; Dispersions & Pigments; Performance Chemicals; Advanced Materials & Systems Research; BASF New Business; Greater China; South & East Asia, ASEAN & Australia/New Zealand

Wayne T. Smith (59), located in North America
Monomers; Performance Materials; Petrochemicals; Intermediates; Market & Business Development, Site & Verbund Management North America; Country Platforms North America; Process Research & Chemical Engineering

In September 2017, BASF signed an agreement with Solvay on the acquisition of Solvay’s integrated polyamide business. The E.U. Commission approved the acquisition in January 2019 subject to certain conditions, including the sale of Solvay’s polyamide 6.6 (PA6.6) production facilities in Europe to a third party.

On August 14, 2019, BASF, Solvay and Domo Chemicals agreed that Domo will acquire the European PA6.6 business from Solvay. This transaction is targeted to close by the end of 2019 and remains subject to the approval of the relevant competition authorities. BASF will acquire the global, non-European PA6.6 business from Solvay. In addition, BASF will acquire the 50% share in Butachimie’s adipodinitrile (ADN) production. The transaction between BASF and Solvay is also targeted to close by the end of 2019, assuming the relevant competition authorities approve the transaction between Domo and Solvay and grant their final approval. The purchase price to be paid by BASF on a cash and debt-free basis is €1.3 billion. Solvay’s businesses to be acquired by BASF generated sales of around €1.0 billion in 2018. BASF is planning to integrate the businesses into its Monomers and Performance Materials divisions.

On August 29, 2019, BASF and DIC, Tokyo, Japan, reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion. The assets and liabilities to be divested were reclassified to a disposal group in the Dispersions & Pigments division as of this date. The transaction is expected to close in the fourth quarter of 2020, subject to the approval of the relevant competition authorities. BASF’s pigments business has around 2,600 employees globally and generated sales of approximately €1 billion and EBITDA of approximately €120 million in 2018.